Community 1st CU assumes assets, deposits, members of SCICAP CU

The Iowa Credit Union Division Friday was granted authority by the District Court to place SCICAP CU, Chariton, Iowa, into receivership and then tendered the receivership to the National Credit Union Administration.

Community 1st CU is a federally insured, state-chartered credit union serving 53,681 members, according to the NCUA.

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